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Point X and the Economics of Knowledge

Author

Listed:
  • Khumalo, Bhekuzulu

Abstract

In this paper the theory developed in the paper �The Fundamental Theory of Knowledge� by the same author is developed further. This paper looks at point X, as it exists in the dimension that is called mthetho, the laws that govern the universe. Analyzing point X gives a more firm understanding of knowledge and its properties. The timelessness and independence of point X shall first be established and verified. The paper will eventually demonstrate that the timelessness and independence of this point X is what gives knowledge its power in terms of economics. The concepts developed in the paper. The Fundamental theory of Knowledge� are tested against this concept of timelessness and independence of point X, if a contradiction where to be found the theory would have serious contradictions, the paper proves that there are no contradictions. The principles of negative and obsolete knowledge are discussed in relation to point X. The laws of knowledge are tested against point X, against the timelessness and independence of point X. The law of consistency, arguably the most powerful law in investigative knowledge is also discussed in relation to point X; again the paper establishes that there are no contradictions. The law of consistency demonstrates the importance of point X, and therefore knowledge in the economic reality of human beings. Finally the foundations of material progress are discussed in the paper again with point X being the reference point.

Suggested Citation

  • Khumalo, Bhekuzulu, 2007. "Point X and the Economics of Knowledge," MPRA Paper 3735, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:3735
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    File URL: https://mpra.ub.uni-muenchen.de/3735/1/MPRA_paper_3735.pdf
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    References listed on IDEAS

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    1. Khumalo, Bhekuzulu, 2006. "The Fundamental Theory of Knowledge," MPRA Paper 3733, University Library of Munich, Germany.
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    1. Khumalo, Bhekuzulu, 2008. "Short and long Term behavior of Knowledge," MPRA Paper 8944, University Library of Munich, Germany.
    2. Khumalo, Bhekuzulu, 2008. "Knowledge Economics role in explaining growth and innovation," MPRA Paper 8799, University Library of Munich, Germany.

    More about this item

    Keywords

    knowledge; point X; laws of knowledge; consistency; use knowledge; point U;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • A10 - General Economics and Teaching - - General Economics - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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